
On Monday, Finance Minister Nirmala Sitharaman emphasized the importance of international collaboration among customs authorities to combat illicit trade, which poses a significant threat to the global economy. She stressed the need for these authorities to share “actionable” information with each other. Sitharaman also highlighted the necessity for intergovernmental cooperation in identifying and apprehending the masterminds behind smuggling networks, stating that focusing solely on minor offenders would not effectively address the issue.